Indonesian Minister Highlights Money Laundering Link in Online Gambling!

Indonesian minister Budi Arie Setiadi
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It is no secret that casinos and gambling, both online and landbased, are excellent vehicles for money laundering. Decades of experience in Malta have proven this. The Indonesian Communications and Information Minister Budi Arie Setiadi has raised concerns about significant money laundering activities associated with online gambling. This revelation comes from the country’s Financial Transaction Reports and Analysis Center (PPATK).

“These aren’t just gambling wins; they’re cases of money laundering,” Minister Budi Arie Setiadi emphasized during a meeting with the House of Representatives Commission I. Although Budi refrained from disclosing specific details, the scope of the issue was underscored by Coordinating Minister Hadi Tjahjanto, who reported that online gambling transactions amounted to IDR100 trillion ($6.13 billion) from January to March alone. For the entire year of 2023, transactions reached an astonishing IDR327 trillion ($20.05 billion).

Commission member Nurul Arifin questioned the effectiveness of the ministry’s actions, pointing out the significant economic impact of these activities. In response, Minister Budi reaffirmed the ministry’s commitment to combating online gambling, emphasizing the broader financial repercussions on Indonesian families and the nation as a whole.

To address this escalating issue, a special inter-ministerial task force has been established under the leadership of President Joko Widodo. The task force is chaired by Minister Hadi Tjahjanto, with Minister Budi Arie Setiadi leading prevention efforts and National Police Chief General Listyo Sigit Prabowo overseeing enforcement operations.

In Indonesia, all forms of gambling are illegal, with stringent penalties enforced under the Criminal Code and Electronic Information and Transactions Law. Those involved in gambling activities, including participants, organizers, and software distributors, face severe prison terms and substantial fines.

The Indonesian government’s proactive stance highlights its dedication to eradicating online gambling and associated money laundering activities, aiming to protect the nation’s economic integrity and the well-being of its citizens.

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